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WFE press release on short selling bans, Paris, 09 February 2009

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In Paris at its regularly scheduled meeting on 02 February 2009, the Board of Directors of the World Federation of Exchanges (WFE) issued a statement on the short-selling bans implemented on many markets as emergency measures September 2008.

Various analyses have concluded that the bans did not solve the problem of slowing the fall in securities and contract prices, as was intended negative impact on liquidity and the normal functioning of markets.